Three Wheeler Insurance
Commercial Vehicle Insurance for your Auto Rickshaw/E-Rickshaw

Third-party premium has changed from 1st June. Renew now

Top 3-Wheeler/Auto Rickshaw Companies in India in 2024

Auto rickshaws are a compact and convenient way of short-distance travel. A considerable chunk of the Indian population depends on these 3-wheeler vehicles for commuting, which is why the auto-rickshaw sales exceeded the 100,000 mark for the first time in September and October 2023.

So, without any further ado, let’s get to know the top 3-wheeler companies in India!

Moreover, it is advisable to have an auto rickshaw insurance policy as it provides financial protection against accidents, theft and damage, safeguarding you and your investment.

List of Best Auto Rickshaw / Three-Wheeler Companies in India

Here is a list of the top 10 auto rickshaw companies in India in 2024, along with their number of units sold and market share for FY 2023.  

3-Wheeler Companies in India Units Sold from January to October 2023 Market Share for October 2023
Bajaj Auto 2,53,012 36.3%
Piaggio 64,808 7.9%
Mahindra & Mahindra 30,987 5.6%
YC Electric 33,143 3.9%
Saera Electric Auto 22,259 3%
Dilli Electric Auto (CityLife) 16,910 2.1%
Atul Auto 20,712 2.1%
TVS Auto 14,197 1.5%
Mini Metro EV L.L.P 12,174 1.3%
J.S. Auto 9,439 1.04%

Top 10 Auto Rickshaw / Three-Wheeler Companies in 2024

1. Bajaj Auto | Market Share – 36.3%

source: bajajauto.com

Bajaj Auto stands tall among the top auto-rickshaw companies in India. In fact, it is the largest manufacturer of auto-rickshaws in India. Additionally, the company is also the largest exporter of 3-wheelers.  

Bajaj 3-wheelers are available in CNG, petrol and electric variants in India. They offer top speeds between 30 – 45 kmph.

  • Year of Establishment: 2007
  • Headquarters: Pune
  • Global Presence: Exports to more than 90 countries
  • USPs: Auto available in petrol, LPG, CNG and electric variants, very affordable,
  • Starting Price: ₹1.96 lakhs
  • Popular Auto Rickshaws: Bajaj RE Compact, Bajaj Maxima C, Bajaj Maxima X Wide  

2. Piaggio | Market Share – 7.9%

source: piaggio-cv.co.in

The Italian auto manufacturer Piaggio is another one of the top 3-wheeler companies in India. The company is a leader in the 3-wheel cargo space and offers electric, CNG, and LPG variants. Its latest e-rickshaws offer a driving range of 145 km on a single charge. 

  • Year of Establishment: 1999 (in India)
  • Headquarters: Pune
  • Global Presence: 100+ countries
  • USPs: Products have higher fuel efficiency, dependable performance, and superior load-carrying capacity, swappable battery
  • Starting Price: ₹2.06 lakhs
  • Popular Auto Rickshaws: Ape E-city FX NE Max, Ape City, Ape Auto NT, Ape Xua NT  

3. Mahindra & Mahindra | Market Share – 5.6%

source: mahindralastmilemobility.com

Mahindra and Mahindra is one of the notable auto-rickshaw brands in India. This company offers a number of auto rickshaw variants that are durable, safe, and need low maintenance cost. 

  • Year of Establishment: 1945
  • Headquarters: Mumbai
  • Global Presence: 100+ countries
  • USPs: Superior ride quality and range, great mileage, stylish and safe autos
  • Starting Price: ₹1.7 lakhs
  • Popular Auto Rickshaws: Treo, Treo Yaari, Alfa, Alfa Electric 

4. YC Electric | Market Share – 3.9%

source: ycevehicles.com

YC Electric Vehicles is a partnership-owned company that exclusively manufactures a wide-range of battery-powered auto rickshaws in India. The 3-wheelers can go up to a top speed of 25 kmph and have a driving range of 80-90 km on a full charge.

YC Electric auto rickshaws offer high-performance due to their powerful battery, and are fitted with alloy wheels with tubeless tires, high-quality frame and chassis, LED lights with a guard, and more such latest features. 

  • Year of Establishment: 2014
  • Headquarters: New Delhi
  • Global Presence: 2 countries (India and Nepal)
  • USP: Use of modern production technology, affordable autos, good mileage, and high safety standards
  • Starting Price: ₹1.26 lakhs
  • Popular Auto Rickshaws: Yatri Cart, Yatri Deluxe, Yatri Super, E-Loader 

5. Saera Electric Auto | Market Share – 3%

source: saeraauto.com

Saera Electric Auto, also known as Mayuri Rickshaw, is among the first companies to introduce locally manufactured e-rickshaws in India. They also manufacture and retail electric golf carts, two wheelers, and small commercial vehicles.  

Saera Electric is the second largest electric 3-wheeler manufacturer in India in FY 2023. Their products in the L5 category have a higher battery capacity battery and can reach a top speed of 45 kmph.

  • Year of Establishment: 2011
  • Headquarters: Delhi
  • Global Presence: Only available in India
  • USP: Comfortable, value for money, high-speed electric autos, and innovative features
  • Starting Price: ₹1.02 lakhs
  • Popular Auto Rickshaws: Mayuri Star, Mayuri Grand, PRO 1000

6. Dilli Electric Auto | Market Share – 2.1%

source: citylifeev.com

Dilli Electric Auto manufactures electric 3-wheelers under the brand name CityLife. Its top model offers a top speed of 25 kmph with a range of up to 100 km per charge.  

Dilli Electric autos are fitted with a fire extinguisher, high-impact suspension, smart meters, and other such features to ensure a safe and comfortable ride. 

  • Year of Establishment: 2013
  • Headquarters: Sonipat
  • Global Presence: Only available in India
  • USPs: Good range and battery capacity, adequate sitting space, high-quality shockers, ease of operation, efficient design, and sturdy construction
  • Starting Price: ₹1.10 lakhs
  • Popular Auto Rickshaws: Standard Plus, Butterfly Deluxe, LI-PRIMA 

7. Atul Auto | Market Share – 2%

source: atulauto.co.in

One of the many auto rickshaw manufacturers in India is Atul Auto that boasts of 1 million Atul vehicles on the global roads. The company manufactures 3-wheelers in petrol, diesel, CNG, LPG, and electric variants. 

  • Year of Establishment: 1986
  • Headquarters: Rajkot
  • Global Presence: 20 countries
  • USPs: Sturdy and multifocal headlamps with halogen bulb
  • Starting Price: ₹1.04 lakhs
  • Popular Auto Rickshaws: Rik LPG, Elite Plus, Gem Paxx  

8. TVS Auto | Market Share – 1.4%

source: tvsmotor.com

Among the best 3-wheeler companies in India, TVS is a reliable homegrown brand. Its extended warranty and lower maintenance costs make its 3-wheelers popular.

  • Year of Establishment: 1979
  • Headquarters: Hosur
  • Global Presence: 43+ countries
  • USPs: Right-side entry barrier, intelligent music system, mobile charging socket, water bottle holder
  • Starting Price: ₹1.20 lakhs
  • Popular Auto Rickshaws: TVS King, TVS King Deluxe, TVS King Duramax

9. Mini Metro EV L.L.P | Market Share – 1.3%

source: minimetroev.com

The Mini Metro EV L.L.P is known for its latest CAD-CAM design techniques used in developing new models of electric rickshaws.

Its 3-wheelers have a top speed of 22 kmph and provide a range of 110 km on a single charge. The products are lightweight, have stylish design and offer superior performance. 

  • Year of Establishment: 2014
  • Headquarters: Meerut
  • Global Presence: Only available in India
  • USPs: Good battery capacity, delivers high power and high range, take less time for charging, and low maintenance
  • Starting Price: ₹1.10 lakhs
  • Popular Auto Rickshaws: LD 400, M1 MS, M1 SS, V2 Gold 

10. J.S. Auto | Market Share – 1.04%

source: jsauto.co.in

J.S. Auto is known for its reliable and top-notch 3-wheelers (diesel, CNG and electric variants). This company manufactures as well as exports its products.

  • Year of Establishment: 1986
  • Headquarters: Kanpur
  • Global Presence: 45+ countries
  • USPs: Durable and reliable
  • Starting Price: ₹1.3 lakhs
  • Popular Auto Rickshaws: Victory 1000 D IV, Victory 1000 CNG NV 

This marks the end of this article on the top 3-wheeler companies in India! We hope that based on this information you can choose the 3-wheeler that suits you the best. 

Also, get a third-party insurance policy as it is mandatory by the government and will protect your tractor in unfortunate events.

FAQs about Top 3-Wheeler Companies in India

Why are three-wheelers popular in India?

Three-wheelers, especially the e-rickshaws are on a rise in India because of their compact size, low turning radius, and low maintenance costs. They are cost-effective and cater to the Indian consumers’ needs quickly and efficiently.

Which country is the largest exporter of three-wheelers?

India is the largest exporter of three-wheelers.